For those that aren’t currently covered by life insurance, now is the time to start shopping for life insurance for seniors in New Mexico. Luckily, we can help you find the best rates and the best levels of coverage with our search tool.
Life Insurance for Seniors in New Mexico: Considering Final Expenses
These are some of the average costs that others in New Mexico have paid for funerals and cremations:
- Funeral – $5,000 to $10,000
- Cremation – $750 to $3,000
You also can’t forget about the other expenses that might be left behind when you pass away, such as outstanding car loans, a mortgage that hasn’t been paid in full, medical bills and other expenses.
Without a life insurance policy, all of these costs can put a lot of pressure on your family. With coverage, however, you can ensure that these things are taken care of without putting your family through a lot of stress.
Life Insurance for Seniors in New Mexico: State Data
- Death Rate in New Mexico: 731.78 per 1,000
- New Mexico’s Leading Cause of Death: Heart Disease
- Annual Household Income Among New Mexico Residents: $41,963
New Mexico’s Five Biggest Cities By Population:
- Albuquerque: 556,495
- Las Cruces: 101,324
- Rio Rancho: 91,956
- Santa Fe: 69,976
- Roswell: 48,611
Sample Quotes for Whole Life Insurance for Seniors in New Mexico
To give you an idea of what you might have to pay for coverage, we did a quick rate search for reference purposes. However, your rate will vary based off of:
- Whether you choose whole or term life insurance for seniors
- Whether or not you smoke or use other forms of tobacco
- Whether or not you are willing to answer health questions
- Whether or not you’re willing to undergo a health exam
- How old you are
- Where you live
- Whether you are a male or female
Monthly quotes for a 60-year-old male who lives in the State of New Mexico and smokes cigarettes:
- $10,000: $95.00
- $15,000: $140.83
- $25,000: $232.50
Guaranteed Life Insurance for Seniors in New Mexico: Beyond Age 80
We help seniors like you compare cheap life insurance quotes from companies like Gerber, Colonial Penn, and TransAmerica, along with other big-name providers. Even if you’re on a tight budget and can’t afford expensive life insurance, we can help you get started with an application for an affordable yet reliable provider. To the surprise of many, there are even life insurance policies available for seniors over 80 years old! Call today to get your quote.